Introduction
Charles Schwab
corporateservices.schwab.comAssets ($MM) by Plan Type | ||||
---|---|---|---|---|
Ranked #14 | $154,120 | |||
401(k) | $132,560 | |||
403(b) | $35 | |||
457 | $5 | |||
NQDC | $3,628 | |||
All Other | $17,892 |
Participants by Plan Size | ||||
---|---|---|---|---|
Ranked #21 | 1,225,760 | |||
<$10MM | 15,183 | |||
$10MM – $50MM | 95,406 | |||
>$50MM – $200MM | 316,733 | |||
>$200MM – $1BMM | 602,434 | |||
>$1B | 196,004 |
Service Offerings | |
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New client restrictions | Minimum of $10 million in plan assets; ERISA 403(b) and 457 plans with other DC business |
Multiple service models | Yes |
Offers corporate trustee services | Yes |
Internal ERISA counsel | 5 |
Will act as §3(16) fiduciary | No |
Participant Services | |
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Call center hours | Weekdays: 7 a.m. - 11 p.m. ET (excluding major holidays) |
Online chat support | Yes |
Mobile app | Yes |
Managed account options | GuidedChoice; Morningstar/Ibbotson |
Retirement Income | |
---|---|
Displays retirement income estimate on statements | No |
Offers in-plan guaranteed retirement income products | No |
Offers out-of-plan annuity bidding service | Yes |
Recordkeeping Platform Proprietary; Schwab Retirement Technologies (SRT) |
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*Data has been updated/revised since initial publication in PLANSPONSOR magazine. |